Deals of the day - Mergers and acquisitions
MCK•McKesson to buy Precision Medicine Group
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U.S. drug distributor McKesson MCK.N said it would buy privately held Precision Medicine Group in a deal valued at about $2.25 billion, as part of a years-long effort to strengthen its higher-growth businesses.
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SkyCity Entertainment rejects takeover offers
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New Zealand's SkyCity Entertainment SKC.NZ said it rejected two separate takeover offers in May that valued it at up to NZ$826.75 million ($492.33 million), as they undervalued the company and the deal conditions were "problematic".
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Tokio Marine sees Suncorp as preferred target
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Japanese insurer Tokio Marine 8766.T has identified Australian insurer Suncorp SUN.AX as a preferred takeover target after reviewing several potential options, the Financial Times reported, citing people familiar with the matter.
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